Neos S&P 500(R) High Income ETF (SPYI)Derivative Income | Exchange Traded Fund | Cboe US
53.73 USD
-0.05
(-0.093%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 53.81 +0.08 (0.149%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 6:03 a.m. EDT
The headline '12% yield' is a dangerous illusion for this instrument. The data reveals a mechanism where the vast majority of distributions are classified as Return of Capital (ROC), effectively returning the investor's own principal rather than generating true income. This is confirmed by the news headlines explicitly warning of capital erosion and the fact that the fund's price has remained stagnant while payouts continue. The short-term outlook is neutral; the price is hovering near its 50-day average with no clear momentum breakout, and the statistical forecast offers no directional edge. Long-term, the asset is a value trap: the business model relies on distributing principal to maintain the yield metric, which inevitably leads to share price decay and eventual insolvency. The options market agrees with this pessimism, showing a massive wall of put buying that acts as insurance against further declines. Avoid this security entirely; it is a classic example of 'yield' that destroys wealth. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.020051 |
| AutoTheta | 0.022637 |
| AutoARIMA | 0.023016 |
| AutoETS | 0.023019 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 63% |
| H-stat | 2.53 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.289 |
| Excess Kurtosis | 0.01 |
| Attribute | Value |
|---|---|
| Trailing P/E | 25.55 |
As of Aug. 22, 2026, 6:03 a.m. EDT: Speculators are positioning defensively with heavy open interest in out-of-the-money puts (OTM) across all expirations, creating a significant 'floor' around the $51-$53 range. While call volume is present, the dominance of put OI suggests a fear of downside volatility or a hedging strategy against potential distribution events. Implied volatility is elevated on deep OTM strikes, indicating a market expectation of sharp moves rather than steady appreciation.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.01% | 12.10% | 12.16% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-08-19 | 0.542 | 1.011194 |
| 2026-07-22 | 0.530 | 1.003028 |
| 2026-06-16 | 0.531 | 0.999435 |
| 2026-05-20 | 0.535 | 1.006396 |
| 2026-04-22 | 0.525 | 1.008064 |
| 2026-03-18 | 0.510 | 1.019388 |
| 2026-02-18 | 0.522 | 1.003846 |
| 2026-01-21 | 0.531 | 1.016462 |
| 2025-12-24 | 0.532 | 1.004153 |
| 2025-11-26 | 0.522 | 0.996183 |
| 2025-10-22 | 0.527 | 1.013462 |
| 2025-09-24 | 0.527 | 1.013462 |
| 2025-08-20 | 0.518 | 1.016484 |
| 2025-07-23 | 0.511 | 1.003141 |
| 2025-06-25 | 0.505 | 1.012633 |
| 2025-05-21 | 0.506 | 1.041367 |
| 2025-04-23 | 0.462 | 1.011162 |
| 2025-03-26 | 0.506 | 1.038801 |
| 2025-02-26 | 0.514 | 1.014007 |
| 2025-01-22 | 0.517 | 1.000968 |
| 2024-12-24 | 0.516 | 0.991545 |
| 2024-11-20 | 0.521 | 1.008712 |
| 2024-10-23 | 0.520 | 1.016220 |
| 2024-09-25 | 0.515 | 1.009408 |
| 2024-08-21 | 0.556 | 1.100119 |
| 2024-07-24 | 0.509 | 1.026831 |
| 2024-06-26 | 0.505 | 1.006778 |
| 2024-05-22 | 0.500 | 1.009693 |
| 2024-04-24 | 0.489 | 1.007417 |
| 2024-03-20 | 0.501 | 0.999800 |
| 2024-02-21 | 0.497 | 1.018025 |
| 2024-01-24 | 0.490 | 1.008230 |
| 2023-12-20 | 0.485 | 1.012738 |
| 2023-11-22 | 0.478 | 1.006952 |
| 2023-10-25 | 0.465 | 1.015284 |
| 2023-09-20 | 0.490 | 1.019347 |
| 2023-08-23 | 0.486 | 1.000412 |
| 2023-07-26 | 0.505 | 1.009798 |
| 2023-06-22 | 0.497 | 1.008932 |
| 2023-05-24 | 0.487 | 1.024551 |
| 2023-04-26 | 0.482 | 1.023246 |
| 2023-03-22 | 0.466 | 1.009007 |
| 2023-02-23 | 0.472 | 1.004576 |
| 2022-12-23 | 0.461 | 1.002435 |
| 2022-11-23 | 0.478 | 0.994466 |
| 2022-10-26 | 0.465 | 1.002026 |
| 2022-09-21 | 0.485 | 1.031476 |
| Attribute | Value |
|---|---|
| All Time High | 54.47 |
| All Time Low | 41.6 |
| Ask | 53.75 |
| Ask Size | 4,500 |
| Average Daily Volume10 Day | 2,525,290 |
| Average Daily Volume3 Month | 2,730,519 |
| Average Volume | 2,730,519 |
| Average Volume10Days | 2,525,290 |
| Beta3 Year | 0.7 |
| Bid | 53.73 |
| Bid Size | 12,800 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 53.96 |
| Day Low | 53.675 |
| Dividend Yield | 0.5 |
| Eps Trailing Twelve Months | 2.1027706 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 53.281 |
| Fifty Day Average Change | 0.4490013 |
| Fifty Day Average Change Percent | 0.008427044 |
| Fifty Two Week Change Percent | 5.0234556 |
| Fifty Two Week High | 54.47 |
| Fifty Two Week High Change | -0.7400017 |
| Fifty Two Week High Change Percent | -0.01358549 |
| Fifty Two Week Low | 47.77 |
| Fifty Two Week Low Change | 5.959999 |
| Fifty Two Week Low Change Percent | 0.12476448 |
| Fifty Two Week Range | 47.77 - 54.47 |
| First Trade Date Milliseconds | 1,661,866,200,000 |
| Full Exchange Name | Cboe US |
| Fullday Change | -0.0499992 |
| Fullday Change Percent | -0.0929699 |
| Fullday Price | 53.81 |
| Fund Family | Neos Funds |
| Fund Inception Date | 1,661,731,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively-managed ETF that seeks to achieve its investment objective by investing in a portfolio of stocks that make up the S&P 500® Index and a call options strategy, which consists of a mix of written (sold) call options and long (bought) call options on the S&P 500® Index. Under certain circumstances, the call options strategy may include transactions with covered call options. |
| Long Name | Neos S&P 500(R) High Income ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1789795442 |
| Nav Price | 53.7906 |
| Net Assets | 11,052,949,500.0 |
| Net Expense Ratio | 0.68 |
| Open | 53.78 |
| Phone | 9,144,435,008 |
| Post Market Change | 0.08000183 |
| Post Market Change Percent | 0.14889602 |
| Post Market Price | 53.81 |
| Post Market Time | 1,787,961,568 |
| Previous Close | 53.78 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.0499992 |
| Regular Market Change Percent | -0.0929699 |
| Regular Market Day High | 53.96 |
| Regular Market Day Low | 53.675 |
| Regular Market Day Range | 53.675 - 53.96 |
| Regular Market Open | 53.78 |
| Regular Market Previous Close | 53.78 |
| Regular Market Price | 53.73 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 1,902,574 |
| Short Name | NEOS S&P 500 High Income ETF |
| Source Interval | 15 |
| Symbol | SPYI |
| Three Year Average Return | 0.17004481 |
| Total Assets | 11,052,949,504 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 25.552002 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 3.93073 |
| Trailing Three Month Returns | 3.93073 |
| Triggerable | 1 |
| Two Hundred Day Average | 52.5266 |
| Two Hundred Day Average Change | 1.2033997 |
| Two Hundred Day Average Change Percent | 0.022910291 |
| Type Disp | ETF |
| Volume | 1,902,574 |
| Yield | 0.005 |
| Ytd Return | 8.0575 |